Ryan Nicholson - 05 Feb 2025 Form 4 Insider Report for Dolby Laboratories, Inc. (DLB)

Signature
/s/ Daniel Rodriguez as Attorney-in-Fact for Ryan Nicholson
Issuer symbol
DLB
Transactions as of
05 Feb 2025
Transactions value $
-$356,430
Form type
4
Filing time
06 Feb 2025, 19:51:38 UTC
Previous filing
18 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLB Class A Common Stock Options Exercise $232K +7K +23.52% $33.15 36.8K 05 Feb 2025 Direct F1
transaction DLB Class A Common Stock Sale -$588K -7K -19.04% $84.07 29.8K 05 Feb 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DLB Employee Stock Option (Right to Buy) Options Exercise $0 -7K -100% $0.00 0 05 Feb 2025 Class A Common Stock 7K $33.15 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held following the reported transactions include 16,438 shares of Class A common stock underlying restricted stock units, which are subject to forfeiture until they vest.
F2 The shares were sold in multiple transactions at prices ranging from $84.02 to $84.10, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F3 This option was granted for a total of 7,000 shares of Class A Common Stock. The option exercised in this transation was fully vested and exercisable as of the transaction date.